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 Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype

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gmos
post Jun 6 2011, 12:52 PM

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QUOTE(dinodrumz @ Jun 5 2011, 05:45 PM)
Well, the US currency will eventually demonetize as the US $ is currenctly in ICU.

You can see the state of Utah has already legalized gold and silver and a legitimate currency. Once the US currency falls. Israel will emerge as the next superpower replacing the US. China knows this, that's why they are stocking up on as much gold as money can buy.

Every Jew in the world knows that Gold & Silver is the only valid currency. Paper money is worthless. Also people need to understand that buying gold is not an investment but is to actually protect your wealth from being manipulated/inflation. Rm10K now and 5 yrs down the line is not the same.

I only wish I could withdraw my EPF and convert it all to gold.

My 2 cents though.
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luckly I had my EPF withdrawn(I take pencen option), and all my 10 years of EPF money & some of my saving being invested on Gold in early May11. Few days back got a good deal(searching/studying for it in 6 months edi) to buy a land at my hometown and going to take some of the gold stock to be converted to property. smile.gif

This post has been edited by gmos: Jun 6 2011, 12:53 PM
gmos
post Aug 10 2011, 09:37 AM

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QUOTE(OneBuck @ Aug 10 2011, 09:24 AM)
For someone that believe if when bank and economy is collapsing in our county, the  most important thing to do is find water and grow food, maybe should relook back this classic video.

http://www.youtube.com/watch?v=7ubJp6rmUYM
Bank will collapse only when the economy as a whole is collapsing?

Not necessary. In 2008, Lehman brothers and Merrill lynch gone with the investor money, but US as a whole still surviving. Remember Barings Bank? too young to know it?

So, Maybank may collapse but Malaysia as a country still survive. While the person with physical gold can still sell their gold, people with paper gold can only knock their head.

Moral of the story, history repeat.
Story is the same, the different is the actor.
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same though over here..

maybe if you watch this video from start till end you may find some answer too (for those who have not seen yet)

this video are recorded in 2003..

this is the latest one this year( the same lecture topic with some updates) :-


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